Explore BrainMass

Bonds Current Yield

A bond that matures in 17 years sells for $932. the bond has maturity value of $1,000 and a yield to maturity of 6.17%. interest on the bond is paid semiannually. What's the bond's current yield?

Solution Preview

The Value of a bond is given by two components. First the PV of the interest payments and second the PV of the Principle repayment ...

Solution Summary

This Solution contains calculations to aid you in understanding the Solution to this question.